Araca Energy ASA (OTCNO:ARACA) announced that it has entered into investment agreement to issue 11,860,000 shares at a issue price of NOK 1.40 per share for gross proceeds of NOK 16,604,000 on October 12, 2015. The transaction includes participation from MAC SA Intermediaire en Bourse, Research Division. The transaction is subject to approval from shareholders and Central Bank of Tunsia.